Australians believe that by the age of 26, young adults should have moved out of their parents’ homes. However, a recent report shows that more young adults are actually living with their parents. Here is an overview of the changes that have occurred over the past twenty years.
While living at home beyond one’s mid-20s was once considered taboo in Australia, an increasing number of people are now choosing to do so compared to twenty years ago.
Why are Young Australians Staying Home?
The Since 2001, a research study has been monitoring 17,000 individuals in over 9,000 households. The results from the 2021 survey, conducted during a period of widespread lockdown in Australia, have just been released.
A recent survey conducted by the financial comparison website Canstar in December revealed that 50% of over 2,000 adult participants felt that Australians should not continue to reside with their parents. .
The Challenges of Living with Parents
In 2021, HILDA discovered that 31.2% of men aged 26 to 29, and 27.5% of women in the same age group were still residing with their parents, showing an increase of 9.9 points and 11.6 points compared to two decades ago.
The biggest shift over the past twenty years was seen in the group of women aged 18 to 21, with 79.5 percent of them still living with their parents, an increase of 17.6 percentage points.
The Benefits of Staying Home
According to HILDA, it is uncommon for young adults who have moved out of their parents’ home to return, although a small percentage of men and women in that age group did so.
The Future of Young Australians
Young adults residing in the regions of New South Wales, the Australian Capital Territory, and Victoria — where s and
According to HILDA, people living in these areas have experienced a significant increase in staying at home and were less inclined to leave compared to residents in other regions of the country.
Also Read: Australia’s housing shortage: A crisis in the making?